Grasim Industries share price closes at ₹3,173.10; slips 0.44% on September 17

Key Takeaways

• Grasim Industries fell ₹13.90 or 0.44% to close at ₹3,173.10 after trading across a ₹46 session range. 
• The price finished below its 50-day DMA of ₹3,227.40 but above the 100-day and 200-day DMAs of ₹3,136.80 and ₹3,012.50. 
• Six-month and one-year returns were positive at 19.54% and 11.61%, while the one-month reading was -2.33%. 

Grasim Industries share price closed September 17 at ₹3,173.10, down ₹13.90 or 0.44%. It began the session at ₹3,190 after a previous close of ₹3,187. The share later reached ₹3,205 at the high and ₹3,159 at the low, making the intraday spread ₹46. By the finish, Grasim was ₹14.10 above the low and ₹31.90 below the high. 

The closing price occupied an interesting position relative to its three moving averages. Grasim ended ₹54.30 below the 50-day DMA of ₹3,227.40. The 100-day DMA was ₹3,136.80, placing the final price ₹36.30 above it. The difference was wider against the 200-day DMA of ₹3,012.50, which sat ₹160.60 below the close. 

Trading volume reached 745,453 shares. Market capitalisation was ₹2,15,936 crore. The stock's 52-week range extended from ₹2,503 to ₹3,411. September 17's closing price was ₹237.90 below the annual high and ₹670.10 above the annual low. 

Returns strengthened as the measured period lengthened beyond one month. The one-month return stood at -2.33%. Over three months, Grasim recorded 1.04%, followed by 19.54% over six months. Its one-year return was 11.61%, below the six-month figure but still positive. 

The stock's September 17 decline was modest compared with its ₹908 annual high-low span. Grasim opened ₹3 above the rounded previous closing level, moved up another ₹15 to its session high, and subsequently closed below the open. Even after the decline, the final price remained above both the 100-day and 200-day DMAs. The 50-day average, by contrast, stayed more than ₹50 higher. From a 52-week perspective, the stock was also much closer to the ₹3,411 high than to the ₹2,503 low in absolute rupee distance.